BlackRock state that the fund aims to follow a diversified, risk-controlled investment process to achieve returns on par with a global 60% equity/40% bond portfolio over a market cycle, approximately 40% less risk than the 60/40 comparator and less downside exposure during extreme market conditions. The fund invests in a highly diversified mix of asset classes based on target exposures to fundamental economic risk factors. By managing exposure during market extremes, the fund seeks to deliver long-term returns in line with its target while reducing downside risk. The benchmark of the fund is 40% Barclays Global Aggregate Bond Index GBP Hedged, 60% MSCI World GBP Hedged Total Return Net

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

-

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

-

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

-

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

-

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

-

Price movement

52 week high1.15

52 week low1.02

Current bid price-

Current offer price-

Current mid price1.12

Region

No data available.

Industry sector

No data available.

Asset type

1

Global Index Linked

16.5%

2

Global Developed Markets Government Fixed Interest

13.4%

3

Global High Yield Fixed Interest

12%

4

Global Emerging Market Government Fixed Interest

11%

5

Global Investment Grade Fixed Interest

10%

6

International Small Cap Companies

10%

7

Property

10%

8

Global Emerging Market Equities

7%

9

Global Developed Equities

5.3%

Individual holdings

No data available.

Management

Fund manager group

Friends Life

Fund manager company

Friends Life

Fund type

Pension Fund

Fund objective

BlackRock state that the fund aims to follow a diversified, risk-controlled investment process to achieve returns on par with a global 60% equity/40% bond portfolio over a market cycle, approximately 40% less risk than the 60/40 comparator and less downside exposure during extreme market conditions. The fund invests in a highly diversified mix of asset classes based on target exposures to fundamental economic risk factors. By managing exposure during market extremes, the fund seeks to deliver long-term returns in line with its target while reducing downside risk. The benchmark of the fund is 40% Barclays Global Aggregate Bond Index GBP Hedged, 60% MSCI World GBP Hedged Total Return Net

Benchmark

3 month GBP Libor plus 3.5%

Investment style

Passive/Tracking

Investment method

No data available.

Fund manager

Name

Since

Biography

Team Managed

14/08/2011

Compliance

UCITS IV Compliant

Domicile

No data available.

Fund for sale in

United Kingdom

FL BlackRock (Aquila C) Market Advantage XE/IE Pn

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price-

Offer price-

Mid price1.1217

CurrencyGBP

Price updated07/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeK7ZX

FL BlackRock (Aquila C) Market Advantage XE/IE Pn Inet

Initial charge-

Annual charge0.64%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)0.67%

Bid price111.1

Offer price111.1

Mid price-

CurrencyGBX

Price updated08/12/2016

TypeAccumulation

Institutional or retail classRetail

Domicile-

Citi codeK7XT

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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